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Got in the game late here, and maybe wrong direction at this point, but shorted 83, looking for 78 ...

 

already at 8.50 range, 9.50 median over 20 days, so perhaps a few more points is wishful thinking nowadays...

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Got in the game late here, and maybe wrong direction at this point, but shorted 83, looking for 78 ...

 

already at 8.50 range, 9.50 median over 20 days, so perhaps a few more points is wishful thinking nowadays...

 

I took a long at 82, playing rotation back up. Target 87.50. Currently hovering around 84.

 

CYP

 

Updated: Out at 87 flat...didn't want to push my luck with 87.50.

Edited by CYP

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for anyone who missed it, 84.75 is the first swing low vwap and midpoint area(and probably something else I missed :))

 

Edit: low vol probably

 

Will be intersting to see how far we rotate and if the sellers come back in...

 

84.50 interesting area as you say.. they should pop that..

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Just one thing to note josh- delta

 

I added here at 85, but will bail soon on this... against my better judgement, and should have simply exited around BE when I had the chance and even reversed long.

 

Perhaps I'm trying to outsmart the market here -- at some point, the market will actually have a continuation in the direction it started -- this week has been open drive down, reverse back up... isn't it getting too easy to predict this? sigh..

 

Exited here for -2.5 per contract...

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Looking ahead, IF this continues up, we have some excess.

 

WOuld like to see the 86.25 get taken and then see how the Delta is up there.. I am still waiting to add - this 86.25 doesn't look like a top for this rotation, IMHO

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Out for a point loss ... signing off for now guys, need to get back in sync.

 

Hear you...Scratched last runner...

 

GOing to look for opportunity to work rotations

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SOld 87.75 , targeting rotation. 84.75..very aggressive.. just fyi tight leash

 

I'm going to beat myself with a club..I don't know where that one came from... rectum ??

Edited by roztom

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N, you talked about squeezing the shorts.

 

Perhaps you could discuss the psychology of such a strategy. I'm curious, who is doing the squeezing, and what is their intention or goal? They want higher prices to re-short? So they buy, buy, buy, create a panic of buying and then they are waiting to offer higher than they are buying on the way up? What if their inventory is so large (long) that they cannot attract enough buyers at the now much higher prices? Maybe I'm thinking about it all wrong.

 

MightyMouse, I know you are into market psychology and this kind of thing; perhaps you can comment as well?

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N, you talked about squeezing the shorts.

 

Perhaps you could discuss the psychology of such a strategy. I'm curious, who is doing the squeezing, and what is their intention or goal? They want higher prices to re-short? So they buy, buy, buy, create a panic of buying and then they are waiting to offer higher than they are buying on the way up? What if their inventory is so large (long) that they cannot attract enough buyers at the now much higher prices? Maybe I'm thinking about it all wrong.

 

MightyMouse, I know you are into market psychology and this kind of thing; perhaps you can comment as well?

 

Simply put, when a quick reversal like the one we saw happens and the longs know they have the guys who were selling earlier by the balls and they have a good price, they simply hold. Probably buy more on small rotations, but until all those shorts capitulate, it'll slowly grind it's way up.

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That was a bit rude at 91.50's. Kinda like tripping someone over in the street. Pfft. They might fuel another pop yet.

 

Is the market taking a breather at the 90 level before pushing higher or will we repeat yesterday's action? Looks like the low has already been made (for now).

 

This might be a crazy suggestion, but what are your thoughts about finishing the day around the 96/97 level?

 

Anyway, I jumped in long at 90.5 and will look to target 94.5 initially. Will change my mind if we start heading back towards 87/88 level.

 

CYP

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Josh: It's kind of where the fuel is... Market was long, screw the longs..market gets short..screw the shorts... It usually goes to where the paper is then it will continue with the trend.. today looks pretty tall in the saddle,...going to be an outside day..a good rejection of the Low so path of least resistance for now is up...

 

This thing hasn't even had a decent rotation yet... all the earmarks of a potential trend day - depending how you define it... :2c:

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Is the market taking a breather at the 90 level before pushing higher or will we repeat yesterday's action? Looks like the low has already been made (for now).

 

This might be a crazy suggestion, but what are your thoughts about finishing the day around the 96/97 level?

 

Anyway, I jumped in long at 90.5 and will look to target 94.5 initially. Will change my mind if we start heading back towards 87/88 level.

 

CYP

 

Yeah maybe. Or even right around the 1399.00's like I said earlier in the day. The RTH open for the week is 97.75 so that could do it too. I think that so long as sellers don't appear from nowhere, the gap is a target for a push higher, along with that RTH open and the balance & week vpoc. who knows, ach

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